+ Follow MIRANT PHILIPPINES CORP Tag
MIRANT PHILIPPINES CORP
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[results] => Array
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[ArticleID] => 386710
[Title] => Marubeni still keen on LNG plant in RP
[Summary] =>
Japanese power firm Marubeni Corp. is still keen on the prospects of putting up a liquefied natural gas (LNG) terminal in the Philippines, Energy Secretary Raphael P.M. Lotilla said.
"They (Marubeni) are willing to look at other business opportunities in the country including an LNG terminal in Bataan," he said.
Lotilla said this business plan was brought up during a courtesy call by Marubeni officials in Malacañang in relation to their investment in Mirant Philippines Corp.
[DatePublished] => 2007-02-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 375560
[Title] => Government ready to approve transfer of Mirant assets
[Summary] =>
The new owners of Mirant Corp.’s assets in the Philippines are not likely to encounter problems in securing the consent of the National Government regarding the transfer of ownership, the country’s top energy official said.
"There seemed to be an understanding that they (Tokyo Electric and Power Co./Marubeni Corp. group) would provide all the requirements of the government. They are managing the transition well," Energy Secretary Raphael P.M. Lotilla said.
[DatePublished] => 2006-12-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 374436
[Title] => Marubeni-Tokyo Electric ups Mirant bid to $3B
[Summary] =>
The consortium of Marubeni Corp. and Tokyo Electric and Power Co. (TEPCO) has reportedly raised its offer price for the equity of Mirant Philippines Corp. to $3 billion from its previous bid of $2.85 billion.
Sources said this has prompted one of the most aggressive bidders of Mirant assets, One Energy Group, to reportedly drop its bid for the said assets.
[DatePublished] => 2006-12-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 374265
[Title] => Bataan Polyethelene Corp to resume operations
[Summary] =>
Preparations for the re-operation of the Bataan Polyethylene Corp. (BPC) are continuing as it awaits the outcome of the bidding of the shares of Mirant Philippines Corp., according to BPC shareholder William Gatchalian.
In an interview, Gatchalian expressed confidence that BPC’s power problem is nearing resolution with the sale of Mirant Philippines by its American shareholders.
Mirant Philippines has already started accepting bids since Nov. 24 and is scheduled to close/stop accepting bids on Dec. 15.
[DatePublished] => 2006-12-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 370380
[Title] => Mirant employees want US parent to pay their severance package
[Summary] =>
The Filipino employees of Mirant Philippines Corp. are now asking their US-based parent company to pay their severance package to provide the new management taking over the local unit an option to terminate or rehire employees.
The employees made this move after Mirant management argued that some of their workers have asked the Labor Department to compel the company to pay them their separation pay and still keep them employed.
[DatePublished] => 2006-11-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 370559
[Title] => Mirant employees want US parent to pay their severance package
[Summary] =>
The Filipino employees of Mirant Philippines Corp. are now asking their US-based parent company to pay their severance package to provide the new management taking over the local unit an option to terminate or rehire employees.
The employees made this move after Mirant management argued that some of their workers have asked the Labor Department to compel the company to pay them their separation pay and still keep them employed.
[DatePublished] => 2006-11-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 369256
[Title] => Mirant employees, mgm’t face off today
[Summary] => The management and employees of Mirant Philippines Corp. will face off for a conciliatory meeting at the Department of Labor and Employment (DOLE) on Friday.
In a press statement, Mirant employees said a prior meeting was called by DOLE director Reynaldo Ubaldo last Monday to resolve the issues between them and the company’s management before Mirant’s assets in the country are eventually sold.
Mirant Philippines is set to be auctioned off to at least four bidders by Nov. 17 this year.
[DatePublished] => 2006-11-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 360973
[Title] => Mirant Phils employees to get 2.5 months for every year of service
[Summary] =>
The management of Mirant Philippines Corp. has assured that its 1,200 employees will get 2.5 months for every year of service as part of the separation package once Mirant’s assets are sold, a top company official said.
In a press briefing over the weekend, Mirant Philippines chairman and president Jose Leviste said they would formalize and come up with a written policy this week.
[DatePublished] => 2006-10-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 360211
[Title] => Government may breach 2007 deficit target, dof officials warn
[Summary] => Finance officials expressed concern the government may breach its 2007 deficit target if it was not able to contain the programmed acceleration in public spending in an attempt to pick up the slack from this year’s re-enacted national budget.
Finance Secretary Margarito B. Teves told reporters yesterday that keeping the fiscal program on track would become even more critical next year since it would set the homestretch towards the programmed balanced budget in 2008.
[DatePublished] => 2006-09-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 359680
[Title] => NG wants Mirant to get okay on sale of assets
[Summary] =>
The National Government wants Atlanta-based Mirant Corp. to get a prior consent from the National Power Corp. (Napocor) before the sale of its interest in the Philippines commences, Energy Secretary Raphael P.M. Lotilla said over the weekend.
"It is prior to any transfer, when you say ‘prior’ it has to be prior to any transaction. It has always been the case that before you can transfer any of the responsibilities or commitment, there has to be consent on the part of the Philippine government through Napocor," Lotilla told reporters.
[DatePublished] => 2006-09-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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